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29.5m employees in UK
Lords Economic Affairs Committee report
Rate rise could bring end to QE
After recent interest rate hike to 0.25%
Omicron not seen as a serious threat
Expected to hit 5.5% next year
Economy still ‘vulnerable’ to Covid shocks
Inflation rises to 4.2% in October
Overshot market expectation of 3.9%
Labour market uncertainty adds to pressures
18 January 2022
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5 min read
